Czech hot-rolled plate producer Vitkovice Steel has secured 1 million tons of green slabs to be produced annually in Oman by Vulcan Green Steel, part of the Jindal Steel Group.
This agreement, reported by Ocelarska Unie, is part of Vitkovice Steel's ambition to become a leading European producer of low-carbon rolled steel products.
Under the binding memorandum, Vitkovice Steel will produce up to 1 million tons of slabs with a thickness of 230 to 300 mm per year from the modern Vulcan Green Steel plant. Prices and technical terms will be specified in separate agreements. CEO Radek Strouhal highlighted that this strategic move will enhance the company's ability to supply high-quality, environmentally friendly steel plates and billets.
The Vulcan Green Steel complex in the Dukma Special Economic Zone (Oman) is set to be completed in 2026, with an initial production capacity of 5 million tons of decarbonized steel per year, utilizing renewable energy sources and green hydrogen to ensure a minimal carbon footprint.
